Insulated electric conductors are essential components in electrical systems, allowing the transmission of electricity while providing insulation to prevent electrical leakage and short circuits. The HS Code 85444930 specifically refers to insulated electric conductors made of copper, designed for a voltage not exceeding 1,000 V and not fitted with connectors.
These conductors are widely used in various industries, including construction, automotive, telecommunications, and electronics. They play a crucial role in the efficient and safe distribution of electricity in residential, commercial, and industrial applications.
The product covered by HS Code 85444930 includes insulated electric conductors made of copper. The insulation material used provides protection against electrical shocks and prevents the wires from coming into direct contact with each other or surrounding objects. This specific HS code encompasses conductors that are suitable for voltages up to 1,000 V and are not equipped with connectors.
It is important to note that the HS code plays a vital role in international trade, as it allows for the classification and identification of goods during customs procedures. Importers and exporters must correctly declare the HS code of their products to ensure smooth and accurate documentation.
The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 85444930 is 5.3%. This rate is applicable every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of duties and tariffs.
The quantity unit for HS Code 85444930 is kilograms (KG). This unit of measurement is commonly used to determine the weight of the insulated electric conductors made of copper during import and export transactions.
Several special tariff preference programs are available for products classified under HS Code 85444930, providing specific benefits and duty rates for eligible countries. These programs promote trade and economic cooperation between countries. Some of the notable programs include:
These special tariff preference programs aim to promote international trade, support economic growth, and foster cooperation between the participating countries.
The following US states are the major importers and exporters of products classified under HS Code 85444930:
These states play a significant role in the trade of insulated electric conductors made of copper, both as importers and exporters. They contribute to the overall economic activity and supply chain in the electrical industry.
HS Code 85444930 represents insulated electric conductors made of copper, designed for a voltage not exceeding 1,000 V and without connectors. This HS code is crucial for accurately classifying and identifying these products during international trade. Understanding the bound / MFN duty rate and special tariff preference programs associated with this HS code can provide importers and exporters with valuable insights to optimize their trade activities.
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